GROWTH DEVELOPMENT CHILD
DEVELOPMENT AND LEARNING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Technological developments
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Economic issues
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Economic recession
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impact of external factors on product development
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Detailed explanation-1: -As the economy expands, businesses generally see an increase in sales or demand for their products. They will produce more goods and services to meet this increase in demand. As businesses need to produce more goods and services to meet demand, they need to hire more workers.
Detailed explanation-2: -The United States economy has made an impressive recovery after COVID-19. The economy as a whole has returned to its pre-pandemic growth trajectory, with real GDP growing 2.1% in 2022, reports Statista.
Detailed explanation-3: -The increase in the demand for goods/services within the economy means that firms are likely to experience an increase in sales revenue. This often causes an increase in the amount of profit that firms receive. Therefore, an increase in economic growth often benefits firms through increased revenues and profits.
Detailed explanation-4: -Economic factors affect the economy, including interest rates, tax rates, laws, policies, wages, and governmental activities. These factors are not directly related to the business but influence the investment value in the future.